Now, No Young Person Will Be Left Unemployed
Uzbekistan
The President announced that he has signed three documents that will launch a new era in youth entrepreneurship.
According to the first decree, a Youth Entrepreneurship Development Fund has been established under the Youth Agency, with an initial budget of $100 million. This was reported by the President’s press service.
Now, young entrepreneurs will be able to access preferential loans of up to 2.5 billion UZS, while up to 2 billion UZS will be invested in startup projects of proactive youth.
Currently, 90,000 university graduates are struggling to find jobs in their respective fields.
Therefore, under the second decree, a new system for ensuring university graduates’ employment is being introduced. To support this, the National Bank will receive $100 million in resources.
The bank, in collaboration with the Ministry of Higher Education and the Chamber of Commerce and Industry, will implement new banking services to help graduates turn their ideas and initiatives into real projects.
Additionally, a commission consisting of regional governors, bank executives, and business leaders will be formed. This commission will focus on creating new jobs, identifying labor market needs, and placing young professionals in vacant positions.
Now, young entrepreneurs will be able to access preferential loans of up to 2.5 billion UZS, while up to 2 billion UZS will be invested in startup projects of proactive youth.
Currently, 90,000 university graduates are struggling to find jobs in their respective fields.
Therefore, under the second decree, a new system for ensuring university graduates’ employment is being introduced. To support this, the National Bank will receive $100 million in resources.
The bank, in collaboration with the Ministry of Higher Education and the Chamber of Commerce and Industry, will implement new banking services to help graduates turn their ideas and initiatives into real projects.
Additionally, a commission consisting of regional governors, bank executives, and business leaders will be formed. This commission will focus on creating new jobs, identifying labor market needs, and placing young professionals in vacant positions.
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